Stocks To Watch This Week (22-26 Sept 2014)

It’s another week for the stock market and the penultimate week for the end of September. This week we put 5 stocks on our watch list based on recent events and what we think might occur this week. Oando This company is yet to release it’s 2013 Full year result and neither has it released […]

It’s another week for the stock market and the penultimate week for the end of September. This week we put 5 stocks on our watch list based on recent events and what we think might occur this week.

Oando

This company is yet to release it’s 2013 Full year result and neither has it released any result this year. Sources suggest the result may be released this week. If this happens there is bound to be movement (up or down) in the share price. The company currently trades at N24 down from its highs of N36. If the result get released many would l
ook at the impact of its debt on its result it’s revenue growth rate as well as margins.

Forte Oil

The company announced last week that it was in talks with an unnamed company to acquire the unnamed company’s downstream assets. Rumors flew immediately but wasn’t strong enough to affect market price. However, this week may just be different as these things can’t be kept hidden for too long. Once the rumor mill sets off I will be surprised if the share price is not affected.

Guinness

The company was in the news last week for all the bas reasons. Their results was poor and the share price got a beaten. However, the price found a bottom towards the end of the week closing at N175. I had expected the share price to drop further down to under N160. I believe the Investors conference presentation released last week must have assuaged some investors. It will be interesting to see of the share price will hold.

Access Bank

The Exchanged announced suspension of its share price last week on the back of a proposed rights issue. It wasn’t well received by some sectors of the market forcing the exchange to explain it’s reasons. The suspension has now been set to end October 15 rather than January 2015 as earlier announced. The bank has an EGM set for October 13 to obtain an approval for the offer. Whilst we don’t expect movement in share price, sentiments are bound to be aroused and this mood may have an impact on the share price once the suspension is lifted.

PZ Cussons

The company closes it’s register this week for dividend payments. The company announced it was paying 61 kobo in October with the register closing September 22nd. The share price is currently N34.9.

Finally

What’s on your own watch list? Why not share with us?

Comments 4

d4gmail

September 22, 2014 · 10:18 am

Ugodre thanks for asking us to share our mind. As for me Oando is my watch list also and I predict a Down button for it.

PZ is on my watchlist
ConOil …..
Nascon

Aminu Bakari

September 22, 2014 · 10:36 am

Checkout caverton and Eterna oil plc these companies have each worn a contract and have good prospects in their books. They all possess good entry prices.